St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-22
The Disposition Of the Crowd on the
Chicago Board Was
Bullish.
But Outside Speculation Was So Light
That Little Buying Was
Done.
Transactions In the Financial Circles
of Wall Street.-The General
Quotations.

that the crowd was bearish and depressed
and cables lower. The blackboard pre-
scented rather better face, exports being
157. 900 bushels and primary points receipts
467, 600 bushels There was only moder-
ate inquiry, but the presence of speculative
offerings was not excessive, and there is less
hedging against wheat in the Northwest
The mills in the Northwest and around
about St Louis are rushed with business,
and as millers are making big money they
are no longer under the necessity of protect
ing themselves by hedges. A leading st. Louis
miller, who was on change to-day, says
20 per cent of the new crop of wheat in
Southern Illinois has been marketed and
that 90 per cent. of the Missouri crop has
passed out OF farmers hands. Corn opened
firm, but the market softened under free
speculative selling. The price slid off lee
on increased receipts, estimates for to-mor-
row being SO cars, when less than 400 had
been counted on. October broke from 41l2c
to Ale, November from 41$sc to 41Isc, and
May from 44$4c to 44SSc. The market was
fairly active and the temper of the crowd
Dearish. Provisions sold off to-day on heavy
receipts of hogs and lack of investment sup
port. october ribs led in the decline, break
ing from So. 40 to $3.50 in ten minutes, re-
covering Zoe, however, but again going to
SS.-O. JdHudTE TlDS uTOppeu lTOn SO-1t2
TO S6.1712. The market
BECAME QUITE STEADY
at the decline. Lard displayed symptoms of
weakness, October declining by noon from
Sc. IS TO S632l2; November from $3.50 to
Sc 27l2, and January from S6.37l2@6.4O to
S6.35. January pork declined from $3.50
last night to 1920. The grain market had
a very solid closing at l o'clock. Wheat quo
tationS at that time was at the outside tor the
day. and corn regained a portion of the
ground that had been lost The markets
were active andexcited during the last quarter
hour of the long session. The jump i'll wheat
was due to the fact that the scalperS discov-
cred, or thought they did, which amounts to
the same thing, that Ream and Cudahy
had been picking up the wheat on them and
were about to give the shorts whirl. After
noon markets-The crowd has been bearing
wheat for several days. A big buying order
was received just before the l O'Clock close,
and there was nobody left to sell. December
was advanced to 72I4c and then TO 72I2c,
with little trading. AT 72lac millions of
bushels changed hands, and the pit was not
cleared for ten minutes after the tap of the
bell. The market held firm during the after
noon session and closing prices were at the
top $50 p. IN. prices-Wheat, October,
Corn, September, Ale; October, 41ls@4IAc;
December, 41c; May, 44ssc. Oats Septem-
Der, 2S1sc; October, 2S4c; May, 2934c
Pork, January, Sl2.22l2. Lard, October,
$685.; December. $685. January, S6.37l2@
$40. Short ribs. october, S9.25; January,
S6.20@6 2212,
THE ROUTINE REPORT.
CHICAGO, Sept21-While the disposition of
the wheat crowd on change to-day was
rather bullish, outside speculation was so
light that nothing was done in the way of
pronounced buying Considering the light
ness of speculation in wheat values held
remarkably steady during the greater part of
the session. AS on yesterday. shortly before
the close, there was an attempt on the part
of wheat shorts to cover. In few minutes
some old time activity was seen in the pit, and
wheat went up l2c at once before the closing
bell rang, and it was with difficulty that the
officers of the floor could stop the trading
and excitement in the pit. All futures sold
at least lac over the official quotations and
the close at p. m. The receipts show some
thing of falling off to-day, aggregating at
twelve points 593, 900 bu, and the
46S.00O bu. The shipping and export de
mand was limited and interfered with by the
advance in European freights. October
opened at 69c, declined to 6S34@6S7sc re-
acted to 69lsc declined again to 6SS4@6S7sc,
reacted and closed at SO 11-16c. Corn
showed considerable weakness, due in part
to the large receipts announced for to-mor-
row (510 cars), and partly to the large offer
ings of prominent local operators when it
was moderately active. The market opened
at about the same as yesterdays closing
prices, with offerings free, and prices de-
clined ss@l2c. the near futures showing the
greater weakness, then ruled frmer and
closed 14@Ssc lower than yesterday. October
opened at Ill 2c, sold down with small fiuc-
tuations to 41c, advanced and closed at 411s
@41Ac. May opened at 44s4c, receded ir-
,r1,- 20
closing price. Oats were nearly lifeless.
There was no change i'll prices ex-
cept late in the afternoon, when September
was marked up 1sc higher. Holders of pro-
visions unloaded freely, owing to the unex-
pectedly large receipts of hogs and the con-
sequent decline of 15@20c in the market
value of the animals. There were no outside
buying orders of consequence, and prices of
SS.45, tumbled to IS. 20, rallied to SO. 80, re-
ceded to So 20 and at O'Clock were So 22Ia,
a net decline of soc. Later SS.25 was bid.
About 100000 pounds were traded in. jan
uary declined sc and closed at $500. Lard
was offered more freely and declined 2l2@5c.
October sold at So. 32l2@6. 37I2 and closed at
$685., January at S6.4O. Pork for January
sold at S12.2C@12 2712 and closed at
Sl222l2 bid.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2 September, 6sI2c, closing at
69Isc; October, 69c, closing at 69ssc: De-
CSlubeI, f1S4C. ClOslllS az Nf2s MAY. |/4SC,
closing at nc. Corn-No. September,
4114c, closing at 41c; October 41I2c, clos
ing at ALAG; November, 41ase closing at
4Ac: May, 44s4c. closing at 44ssc. Oats
No. September, Csc, closing at Csc; octo-
Der, 2314c, closing at 25Ac; November,
25sse closing at 25ssc; May; 29s4c, closing
at 29s4c. Mess pork, per bbl-Year, S11. 80;
January, S1225, closing at SdI2 2212. Lard,
$3.50; October, Sc; 32l., closing assess;
uary, Sc; 37l2, closing at S6.S5l2. Short ribs
SGD; octoleg; S. 5. closing at ss;25;
Cash quotations were as follows: Flour quiet
and unchanged; wheat-No. 2 spring, 6SIa@
6e1sc; No. spring, 66@67l2c; No. 2 red,
7Ol2c. Corn-No. 2. Ale. Oats-No 2, Csc
asked Rye-No. 2, 47c. Barley-No. 2, re
Flax seed-No. 1. S1.06. Timothy seed
Prime, S2.2S. Mess pork-Per Dbl. SI50
1925. Lard-Per 100 lbs. 6.37I2. Short
ribs-Sides Qoose), IS. 2O@S %. Shoulders
Dry sailed (boxed) S5.25@5.3O. Sides
Short clear (boxed), SS.60@S.65. Whisky
Distillers' finished goods, per gal, 81, TO-
Receipts-Flour, 10000 bbls; wheat, 50, 600
bu; corn, $4,000 blu; oats, 257, 600 bu;
rye, 5000 bu; barley, $4,000 blu. Ship
ments-four, 1900 bbls; wheat 122, 600
bu:corn, 10000 bu: oats, 81 ,OOj bu; rye,
1900 bu; barley, 81, 900 blu. On the produce
exchange to-day, the butter market was
steady at 1S0t23I2c for creamery, and I5@
zoe for dairy. Eggs were firm at 16I2@17c
for fresh laid.